JACKSONVILLE, Fla., Dec. 19, 2017 /PRNewswire/ -- LAUNCHER.SOLUTIONS (Launcher), a technology provider specializing in subprime automotive loan originations, announced the integration of NADA Values from J.D. Power Valuation Services to provide lenders with vehicle values.
Launcher's appTRAKER Loan Origination System was designed by experts in the automotive lending industry and is specifically geared towards sub/near-prime lenders. The seamless integration between appTRAKER LOS and J.D. Power's NADA Values allows lenders to assess risk on collateral during the underwriting process by providing important vehicle valuation data within appTRAKER.
"One of the most important things to consider in subprime automotive lending is risk assessment," said Nikh Nath, President of LAUNCHER.SOLUTIONS. "We now are able to provide vehicle valuations in a seamless manner so that our clients can quickly and easily use the data to calculate potential losses in various scenarios."
J.D. Power Valuation Services (previously NADA Used Car Guide) delivers New Vehicle Values, Auction, Trade-In, Loan, and Retail values, giving a critical insight to lenders using Launcher's appTRAKER LOS to understand what a vehicle is really worth. J.D. Power Valuation Services collects more data than any other provider; more than 1 million automotive transactions per month with inputs including auction transactions, retail sales data, and asking prices from top sources.
"We are excited to integrate NADA Values in appTRAKER LOS," said James Gibson, Director of Business Development at J.D. Power Valuation Services. "The integration saves lenders time and money by providing valuation data without having to leave the appTRAKER platform."
LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding. innovation, and speed. It specializes in the subprime/nearprime automotive lending industry. Its innovative products include appTRAKER LOS, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony and custom web development. Learn more about LAUNCHER.SOLUTIONS at http://www.launcher.solutions or call at 877.5LNCHER. Follow us on LinkedIn at https://www.linkedin.com/company/launcher.solutions.
About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments firm headquartered in London, and is led by its four founders; Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.